Coinbase Custody is a cryptocurrency storage service offered by Coinbase, a digital currency exchange headquartered in San Francisco, California. The service provides “institutional investors with a comprehensive solution for storing digital assets.
” Coinbase Custody is a fiduciary and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
NOTE: WARNING: Coinbase Custody and Coinbase are not the same. Coinbase Custody is a custodian service for institutional clients, while Coinbase is a digital currency exchange and wallet provider. Coinbase Custody is not intended for individual investors and is subject to different laws and regulations in different jurisdictions. It is important to note that Coinbase Custody does not provide services to individuals and should not be used by them.
Coinbase Custody is not the same as Coinbase. Coinbase is a digital currency exchange that allows customers to buy and sell cryptocurrencies.
Coinbase Custody is a storage service for institutional investors that offers “a comprehensive solution for storing digital assets.”.
7 Related Question Answers Found
As the world’s leading digital asset exchange, Coinbase has been at the forefront of the cryptocurrency revolution. In addition to allowing users to buy and sell digital assets, Coinbase also provides a custody service for institutional investors. Recently, there has been speculation that Coinbase may offer a custody service for individual investors as well.
As the leading US-based cryptocurrency exchange, Coinbase is often asked about whether or not it offers asset custody. The answer is yes, Coinbase does offer asset custody, but there are a few things to know about how it works. Coinbase Custody is a regulated service that offers secure storage of digital assets for institutional investors.
As the world’s largest cryptocurrency exchange, Coinbase is often thought of as the most reliable place to buy and sell digital assets. But does Coinbase provide custody? The answer is both yes and no.
There are a few key differences between Coinbase and Coinbase Custody. First, Custody is a much more comprehensive service that offers a host of features and tools for institutional investors. Second, Custody is designed to meet the higher security and compliance needs of these investors.
Coinbase Custody is a digital asset platform that offers institutional investors secure storage of digital assets, like Bitcoin and Ethereum. The platform is designed to meet the needs of institutional investors, like hedge funds and family offices, who require the highest levels of security and compliance. Coinbase Custody is a subsidiary of Coinbase, Inc.
, which is one of the most well-known and respected cryptocurrency exchanges in the world.
In order to offer services to institutional investors, Coinbase Custody must meet the definition of a qualified custodian. The definition of a qualified custodian is set forth in Rule 206(4)-2 under the Investment Advisers Act of 1940. The rule defines a qualified custodian as follows:
A bank, savings association, broker-dealer, Futures Commission Merchant (FCM), registered investment adviser, or other person who, pursuant to a written agreement or contract with an investment adviser registered under the Advisers Act, has agreed to hold in its custody clients’ securities and cash subject to the investment adviser’s control and authority.
As of now, Coinbase does not have its own coin. This may change in the future as the company has hinted at plans to launch its own token. For now, though, users can only trade the major cryptocurrencies that are listed on the exchange.
